I cant see the final days of this year throwing up anything much different than what we have been experiencing for the last few weeks while Global X was/is accumulating.
The daily chart should remain relatively stable but could see the retracement continue down to retest 0.073 - 075. It has currently pulled back to the 61% from the last weeks high after closing the gap but failing to follow through & move up.
The weekly shows the continued build of the large triangle/flag & last weeks low on support.
A break below could see 0.074 tested again.
If current support holds then we may see a retest of the top of the flag & down trending line around 09 - 0.095
If The global X fud reaches its accumulation target before xmas we may see a rerating begin in week 1 - 2 of the new year.
We should all take confidence in the recent/continuing support from the Global X fund going into the new year,
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Cheers, DadInvestor
